Mitel is offering about $20 to $22 per share, sources said.The deal, they said, is not for certain and Mitel could still face competition, mostly from private-equity firms.
If Avaya and Mitel manage to strike a deal it could happen next month, some of the people said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price: 19.23, Change: -0.10, Percent Change: -0.52
|--Analyst Actions: Goldman Sachs Lowers HP Price Tar...|
|Sector Update: Energy|
|Qualcomm Gets FTC Antitrust Ruling Enforcement Postp...|
|Street Color: Oil Losing Ground as Trade War Heats Up|
|Insider Trends: Insider at Advance Auto Parts Dispos...|